FAQ - Frequently Asked Questions

1. How to choose your accountant? 2. How easy to change my accountant? 3. Do I qualify for an audit exemption? 4. How long do I have to keep accounting records? 5. How do you charge your client?

1. How to choose your accountant?

Choosing an accountant can help you and your business that is very important. An accountant you chosen you should feel comfortable with, you can trust and their fees you paid are value for money. Do ask an accountant some questions to see how they quickly respond. Check their website if they have one and to see how they offer to clients. If they are professional that you should find out you need.

2. How easy to change my accountant?

It is very easy. If your current accountant doesn’t offer a service you expect, but we do offer, you could change over to us. It is just one letter from you with contact details of your current accountant. We will take care of everything for transferring.

3. Do I qualify for an audit exemption?

The most small and medium business are qualify for audit exemption. Small business means: Turnover up to £5.6m, balance sheet total less £2.8m. Medium business means: Turnover up to £22.8m, balance sheet total less £11.4m. Please ask for more details if you are an insurance company, a group company, a public company, financial related and trade union.

4. How long do I have to keep accounting records?

If you are a sole trader, you must keep records for five years from the filling dare deadline of tax years. If you are trading as a company, the record needs to be kept for six years from the end of the accounting period.

5. How do you charge your client?

All businesses are different. We like to treat all of our clients as individuals therefore our rates are calculated on an individual basis. We promise we offer competitive fees and value for the services. We are very happy to provide you with a free quotation for your business.